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Retail

  • Walmart isn’t Target’s only competitive concern in Canada

    Less than a year from today Target’s first stores in Canada open and the company encounters a familiar competitive challenge in Walmart as well as some unfamiliar operators.

  • More exec changes ahead at JCP

    PLANO, Texas — Personnel changes are quite common these days at JCPenney, the latest involving CFO Michael Dastugue,  who is leaving the company effective April 13. The company has named COO Michael Kramer as interim CFO while a search for a new CFO is conducted.

  • Walgreens adds seasoned technology, sustainability vet to board

    DEERFIELD, Ill. — Walgreens on Tuesday evening elected Jan Babiak, a retired managing partner for Ernst & Young, to its board of directors. Babiak, who joins the board as an independent director, becomes the board’s 12th member.

  • Long-time Lowe's exec to retire

    MOORESVILLE, N.C. — Michael Brown, EVP and CIO of Lowe's is retiring after nearly 28 years with the company and has announced plans to accept the company’s voluntary separation program.

  • Bi-Lo, Coca-Cola partner on Operation Phone Home

    CHARLOTTE, N.C. — Bi-Lo and Coca-Cola have partnered with the USO to support its Operation Phone Home program, which connects troops deployed overseas with their families back home through, among other things, a private phone network. For every rotisserie meal bundle sold at all Bi-Lo stores, Coca-Cola will donate $1 to OPH, which buys troops about 20 minutes of talk time.

  • Dunn done at Best Buy

    MINNEAPOLIS — After nearly 30 years, Brian Dunn has resigned as CEO and director of Best Buy. According to the company, Dunn's decision to resign was mutually agreed upon with the company and was not the result of any disagreement with himself and Best Buy. Director G. Mike Mikan has been named interim CEO to lead the company while a search for a new CEO is underway. Richard Schulze, the founder of Best Buy, continues to serve as chairman.

  • Staff reductions, poor food sales hurt Supervalu in Q4

    MINNEAPOLIS  — Costs related to workforce reduction contributed to $424 million, or $2 per diluted share loss, at Supervalu for its fourth quarter of fiscal 2012. For the quarter, net sales were $8.2 billion. For the fourth quarter of fiscal 2011, the company reported net sales of $8.7 billion and net earnings of $95 million or 44 cents per diluted share.

  • Office Depot joins group to support small business suppliers

    BOCA RATON, Fla. — Office Depot has joined Supplier Connection, a group of 15 large businesses committed to driving small business growth by simplifying access to their global supply chains.

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